wp_enqueue_scripts, admin_enqueue_scripts, or init hooks. Please see Debugging in WordPress for more information. (This message was added in version 3.3.) in /home/nowshare/public_html/tonypearl.com/wp-includes/functions.php on line 3578Good to hear from you. I love replying to new people’s requests on http://www.RonsDollarDeals.com!
Regarding the Proof of Funds letter that you want to know about…
It’s hard to answer your question without you being more specific on what
you’d like to know.
But judging by the manner in which you asked, it looks like you’re not familiar
with what a Proof of Funds Letter IS, let alone how to get one or why you may need it.
Assuming I’m correct, let me just tell you the basic idea behind this, ok?
A Proof of Funds Letter (POF) is a letter that a party that’s interested in buying
a property (or a pool of properties, aka REO, or a pool of notes/mortgages)
gives to the bank/institution that’s selling the properties to prove that
they have the means (money) to close the deal and not waste the bank’s time.
Typically, this is part of the package that the bank wants to see from the buyer.
Some common transactions a Proof of Funds Letter is used for include:
a Short Sale;
Buying a single property or a bulk package of properties, such as when buying REOs;
or when buying a package of notes from an investor (discounted paper).
There are other times when a bank or financial institution might require a proof of funds
from the buying party to show that they can close, but those are the most common
as they might apply to you.
You could get one by providing a letter from someone who’s backing you,
such as a hard or private money lender, or from a bank statement that you control, etc.
If that doesn’t answer your question, you could reply to this and let me know
the specifics of what you might need.
Thanks for your comment.
–Tony
]]>Tony I asked this question back on Sept 18 and still haven’t gotten an answer maybe you can help me with this question.
Thank you in advance for your help with this question.
Thanks for commenting, sir!
–Tony
That depends!
Have you gotten the house under contract yet?
If not, that’s the first thing you need to do.
If so, then you’ll need to find an excellent title company/attorney to work with, then have them check the title.
From there, you’ll focus on finding your buyer & getting the house sold.
Of course, HOW you sell the house depends on a few things,
such as how much is owed on it, the condition, the value, the area, how much you paid, and how much you want to make.
Without more specific knowledge about the facts, it’s hard to tell you what else to do.
If I knew more, I’d be happy to help!
Feel free to email me at:
tony (at) tonypearl.com
Thanks for your comment!
–Tony
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